8313. Bank of Commerce (Baltimore, MD)

Bank Information

Episode Type
Suspension → Reopening
Bank Type
state
Start Date
November 1, 1857*
Location
Baltimore, Maryland (39.290, -76.612)

Metadata

Model
gpt-5-mini
Short Digest
66206bd3

Response Measures

None

Description

Articles indicate the Bank of Commerce had suspended specie payments (reported as having suspended earlier) around November 1857; later, by May 1858 the bank has a new banking house and is transacting business there, indicating resumption/reopening. No discrete depositor run is described in the provided articles.

Events (2)

1. November 1, 1857* Suspension
Cause
Macro News
Cause Details
Widespread suspension of specie payments by the banks (systemic suspension of specie redemption).
Newspaper Excerpt
after the suspension of specie payments by the banks, Samuel Harris presented two $5 bills of the Bank of Commerce ... They refused to pay it
Source
newspapers
2. May 3, 1858 Reopening
Newspaper Excerpt
NEW BANKING HOUSE OF THE BANK OF COMMERCE. -There has just been finished ... in which to-day business will be transacted, the bank having removed since Saturday, to the new house.
Source
newspapers

Newspaper Articles (3)

Article from Port Tobacco Times, and Charles County Advertiser, February 18, 1858

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Article Text

AN INTERESTING DECISION. - The Sun states that sometime in November last, after the suspension of specie payments by the banks, Samuel Harris presented two $5 bills of the Bank of Commerce at their counter and demanded specie for them. They refused to pay it and the notes were duly protested, and suit being instituted before Justice Mearis to recover, he gave judgment against the bank in both cases. The bank appealed to the Court of Common Pleas, and the case was tried before a jury on Saturday. The bank urged that they were not legally liable to pay the protest ($2 on each note,) but the jury rendered a verdict for appellee in both cases, thus affirming the judgments of the magistrate. Counsel for the appellants filed motions in arrest of judgments, which remain to be disposed of.


Article from The Hillsborough Recorder, March 10, 1858

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Article Text

Seminoles shall receive the guardianship of the United States Government; that for twelve months they shall be fed and clothed, and their expenses paid to their new homes in the West, on the Seminole Reservation in Arkansas. The Government is to pay them, immediately on their arrival at their Western home, $250,000, besides giving them mechanics, farmers, and blacksmiths to instruct their children, and $25,000 annually forever. It is possible $100,000 or more may be given to them as a bonus. This, or the exact amount, is not yet determined upon. It is likely that the original proposition of the Government to Billy Bowlegs, of $10,000, may be renewed." # AN INTERESTING DECISION-A PROTEST ON BANK NOTES Some time in November last, after the suspension of specie payments by the banks, Sam'l Harris presented two $5 bills of the Bank of Commerce at their counter, and demanded specie for them. They refused to pay it, and the notes were duly protested, and suit being instituted before Justice Meanis to recover, he gave judgment against the Bank in both cases. The Bank appealed to the Court of Common Pleas, and the case was tried before a jury on Saturday. The Bank urged that they were not legally liable to pay the protest ($2 on each note,) but the jury rendered a verdict for appellee in both cases, thus affirming the judgments of the magistrate. Counsel for the appellants filed motions in arrest of judgment, which remain to be disposed of. The cases possess considerable interest, for if it be established that a bank is liable to the expenses of a protest and costs of suit on every note issued, for which they refuse to pay specie, no bank could afford to remain suspended any length of time. The costs in each of the above cases will reach, with the protest, some twelve or fifteen dollars. Baltimore Sun.


Article from The Daily Exchange, May 3, 1858

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Article Text

David Whelan, of Wheeling; the Mitred Abbot of the Monastery of Latrobe, Pa.; the Mitred Abbot of St. Vincent; Right Rev. Boniface Whimmer, to gether with the Superiors of several religious orders to the number of sixty: who, clothed in their religious vestments, proceeded to the church and occupied the places assigned them. The choir performed as usual, with fine effect. The next meeting of the Council will be held on Thursday, at which time a Mass will be said for the dead, and a sermon preached by the Rev. E. J. Sourin. The closing ceremonies take place on Sunday next. FIRES AND ARREST OF SUPPOSED INCENDIARIES.-On Saturdev night, about nine o'clock, fire was discovered in one of a row of brick dwellings Abbott street, near Bond. An alarm was given, but the fire was extinguished by the police before much damage had been done. On entering the house, the officers found the steps leading to the second story in a blaze, spirits of turpentine having been thrown upon them. A bottle which had contained that article was picked up in the house. From the behavior of certain parties, who had been watched by the police before the fire was discovered. suspicion fell upon them, whereupon, Lieut. Marsh, and officers Hoover, Battee, Jones, Eaton and Hilton, arrested Andrew Petticord, John McDevitt, Jesse Graham, John Gordon, John H. Graham and Wm. T. Sterling, on suspicion of having set fire to the house. They were taken to the Eastern District Station House, when Justice Griffin committed them to Jail for a further hearing. The alarm shortly after eleven o'clock, Saturday night, proceeded from a light, from appearance, in the country, west of the city, the cause of which, has not been ascertained. The alarm at half-past seven last evening, arose from a dense smoke seen in the western suburbs. Several companies proceeded some distance, but the origin could not be discovered. About two o'clock yesterday fire was discovered in house No. 5 Saratoga Court, which runs from Arch, in the direction of Pine street. The fire originated from a defective flue and was extinguished by officers Valters and Englas, with but slight damage. The building is owned by a Mr. Bell and occupied by colored people. The alarm at twenty minutes to eight, was caused by the burning of a chimney on South Howard street. NEW BANKING HOUSE OF THE BANK OF COMMERCE. -There has just been finished, by Mr. James S. Forbes, a beautiful building on South street, intended for the banking house o Oi the Bank of Commerce, and in which to-day business will be transacted, the bank having removed since Saturday, to the new house. The building is three stories in height, of the Italian style of architecture, the front being finished in imitation of sand-stone, The first floor is intended for the general business of the bank, and is fitted up with every necessary convenience for the purposes for which it is intended. The building equals any one of the kind in the city, and does credit to the various me chanics engaged in its erection- of whom, we subjoin the following list: G. W Tinges, Wm. Miller and R. K. Hawiey, building committee: A. Foss, bricklayer: Wm. Benson, painter; S. & A. Bilson, plasterers; Wells & Miller, iron work for vaults; Eagle & Brother, iron work: Hugh Sisson, marble mantles; Samson Cariss, plate glass; S. Packle, stone work; R. Renwick, cabinet work; Wm. Blair, gas fitting; E. Hubble, plumber: Rothrock & Peacock, tin roofing; W. H Strand, improved heating apparatus; John Turnbull, upholstering; Francis Fowler, fancy wire work: Thomas & Son, turning; and James S. Forbes, architect and builder. FOR BOSTON.-T fine steamer William Jenkins, under command of Capt. William A. Hallet, left her wharf at 3 o'clock, on Saturday afternoon, for Boston. The Jenkins took out a very full freight, and the following passengers Dr. W. R. Massey and lady, Miss L. M. Massey, P. C. Martin, Baltimore; Miss Catharine McDonald, Nova Scotia: Mrs. R. G. Ring, Washington, D. C.; Captain Habig, Boston; Edward Martin, Brown county, Ohio: J.T. Austin and lady, Wellsfleet, Me.; Mrs. Turner, Richmond, Virginia: James L. Stakhouse, Wm. G. Stakhouse, Master Benjamin Stakhouse, St. Louis, Mo.: Wm. G. Wilson, M. D., Pittsburg. A trip to Boston by sea, in the fine steamers of this line, at this season of the year, is one of the most pleasant excursions we know of, either for business or pleasure. Passengers can rest assured that they will be properly cared for. SAILING OF THE MARY C. STEVENS.-This Barque sailed about noon on Saturday, from Mankin's wharf, on her fourth voyage to Liberia. The vessel sails under the auspices of the American Colonization Society, and carries about 130 emigrants, a large number of whom are manumitted slaves from the Southern States. Previous to sailing, appropriate religious services were conducted on board by the Rev. John Seys, superintendent of the Methodist mission in Liberia, assisted by several other clergymen. A considerable number of persons collected on the wharf, to witness the departure of the Barque. LAW PARADE OF THE MILITARY.-The volunteer companies of the different regiments will meet this afternoon, at the places appointed, for the first law parade of the present year. The Cavalry, Artillery, and Fifth Infantry Regiments, will meet on South Gay street; the fifty-third Infantry Regiment on Monument Square, and the first Rifle Regiment on Holliday street. The Baltimore City Guards, Maj. Warner, will parade as a battallion. accompanied by a full band of music. The Law Greys, Captain Bowers, intend to go through the bayonet drill, which they have introduced first in this city, and in which they are said to be very perfect. DISCOVERY OF A HUMAN HAND.-Several lads, on a Maying expedition, discovered yesterday morning beneath the flooring of an old frame house about three miles on the Washington road, a human hand, wrapped in paper; also newspaper containing fully half a pound of powder. The paper was the Daily Republican," published atSpringfield, Mass., and dated June 10th, 1847. Upon the hand a quantity of hair was visible, and it presented the appearance of having been preserved by means of some kind of liquid. GAMBLING ON SUNDAY,-Officers Brazier, Adams and Griffith, Southern District Police, between twelve and one o'clock yesterday morning, arrested at a house kept by John Morris, on Pratt street, three young men named Charles Hobbs, James Mc Gann and Wm. Hartzell, charged with violating an Act of Assembly relative to gambling on Sunday They were taken before Justice Boyd and fined $1 and costs, each. Morris, the proprietor, was fined $10 and costs. ATTEMPT TO SWINDLE. colored girl belonging to Dr. Amos, residing in the western section of the city, was arrested on Friday night by officers Dennison and Nicholson. charged with attempting to swindle Thomas Sprigg, proprietor of a lottery office, out of the sum of three dollars by altering certain numbers upon a lottery policy. She was taken before Justice Logan who held her to bail to appear at a further examination. THE MINOR LAW.-A lad named Jacob Wagner, was last evening arrested under the minor law, by officer Walter, of the Western District Police, for running with the apparatus of the First Baltimore Hose Company. He was committed for a further examination by Justice Logan. This is the first arrest since the recent order to enforce the law, though it is not the first offence. RUNAWAY.-A horse attached to a buggy wagon, belonging to Dr. John Mann, ran off on Saturday morning, from some point on South Calvert street, and was stopped by coming in contact with a sand cart at the corner of Centre and Calvert streets, by which both were somewhat injured. ASSAULT WITH A KNIFE.-Harriet White was arrested on Saturday night, by Sergeant Smith and officer Laneaster, of the Eastern District, on the charge of assaulting with a knife, Caroline White. Justice Griffin committed the accused to jail for trial before Court. A letter from Stevenson, Ala., states that fully a